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(Multiply total amount by 25% to get down payment.) Option 4 Example: Total Due $900.00 PURCHASED ON June 15, 2011. (This leaves 5 months till pay off) Down Payment of 25%= $225.00 leaves balance of $675.00 (Down payment due at time of purchase) 1st Payment of balance = $135.00 leaves balance of $540.00 (Due July 15, 2011) 2nd Payment of balance = $135.00 leaves balance of $405.00 (Due August 15, 2011) 3rd Payment of balance = $135.00 leaves balance of $270.00 (Due September 15, 2011) 4th Payment of balance = $135.00 leaves balance of $135.00 (Due October 15, 2011) 5th Payment of balance = $135.00 leaves balance of $0.00 (Due November 15, 2011)
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